Bunzl plc’s Equal Weight Rating Reaffirmed at Barclays (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “equal weight” rating restated by research analysts at Barclays in a report released on Tuesday. They currently have a GBX 1,365 ($22.90) target price on the stock. Barclays’ target price suggests a potential downside of 15.01% from the company’s current price.
A number of other firms have also recently commented on BNZL. Analysts at RBC Capital reiterated an “underperform” rating on shares of Bunzl plc in a research note on Tuesday, July 29th. They now have a GBX 1,420 ($23.82) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Bunzl plc in a research note on Monday, June 30th. They now have a GBX 1,530 ($25.67) price target on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 1,472.43 ($24.70).
Shares of Bunzl plc (LON:BNZL) opened at 1607.00 on Tuesday. Bunzl plc has a one year low of GBX 1287.00 and a one year high of GBX 1710.292. The stock has a 50-day moving average of GBX 1617. and a 200-day moving average of GBX 1592.. The company’s market cap is £5.249 billion.
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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